What has your experience been? I’ve been told that it is much more likely that the bank will call the loan on a 6+ unit multifamily than a single. Thanks for the input
Rosanna
I have not done one, but the main difference I see is that it is a commercial loan vs a residential one, so it is not on the secondary market.
I cannot imagine that any bank would want to call a loan due if the debt is being serviced.
In most of my subject to deals, I do not have much invested, so the risk is relatively low for me if it does get called due.
Is the property held in a single entity LLC by any chance? If so you may be able to take over the LLC without raising the red flags (and reassessments) that a traditional property transfer would.